Today in #fnord F-U-C-K-U-P rolled 23...
http://www.courierpress.com/news/2012/may/21/facebook-ipo-hype-chaos-and-23-cents-tech-hurt/
Well I don't know about you folks, but I'm grabbing my pineapple and going to the basement for the next year.
Quote from: IRC - #fnord
14:10 <[Burnsey]> !iching
14:10 <F-U-C-K-U-P> [Burnsey]: Hexagram 23: Stripping--1. Facebook IPO: Hype, <b>chaos</b> and 23 cents Tech trouble hurt opening ( http://www.courierpress.com/news/2012/may/21/facebook-ipo-hype-chaos-and-23-cents-tech-hurt/ )
14:10 <[Burnsey]> ZOMG
http://www.courierpress.com/news/2012/may/21/facebook-ipo-hype-chaos-and-23-cents-tech-hurt/
Quote from: http://www.courierpress.com/news/2012/may/21/facebook-ipo-hype-chaos-and-23-cents-tech-hurt/
Technical glitches and chaotic trading marred the stock debut of Facebook on Friday, disappointing investors and company officials who planned for a festive first day on the market, people familiar with the situation said.
Quote from: http://www.courierpress.com/news/2012/may/21/facebook-ipo-hype-chaos-and-23-cents-tech-hurt/
But for the first two hours of regular trading, nothing happened to the share price. "Unchanged," read the screens on Nasdaq's exchange and on cable channels that had prepared special segments. When trading finally began at 11:30, applause broke out at Facebook's headquarters in Menlo Park, Calif.
The stock shot up.
Then chaos ensued.
Traders couldn't get basic information such as the stock price or even whether their requests for shares were going through Nasdaq's systems, industry officials with knowledge of the matter said. The stock gyrated wildly. Some investors ran for the exits, selling off or canceling what they had ordered, said the officials, who spoke on the condition of anonymity because they were not authorized to talk about the events.
Quote from: http://www.courierpress.com/news/2012/may/21/facebook-ipo-hype-chaos-and-23-cents-tech-hurt/
By the close of regular trading, the stock had barely scraped out a gain of 23 cents.
Well I don't know about you folks, but I'm grabbing my pineapple and going to the basement for the next year.